Please describe your proposed solution
Current web2 recruitment platforms face numerous challenges, with fraud from freelancers and clients being a significant concern. The prevalence of fake profiles and non-payment for completed work erodes trust and diminishes the credibility of these platforms. Furthermore, sharing personal information on these platforms poses serious security risks, with potential data breaches that could have severe consequences for users. The lack of transparency in their operations and fee structures complicates users' understanding of the terms of service, fostering suspicion. Additionally, service fees are a significant issue, with many platforms charging high fees ranging from 5% to 20%, which reduces freelancers’ earnings and creates a financial burden. These fees are often not communicated, leaving users vulnerable to unexpected costs.
We propose to build a freelance platform based on the Cardano blockchain. On this platform, users can create and manage work contracts as intelligent contracts, automate payment terms when tasks are completed, and minimize the risk of fraud and disputes. With a decentralized reputation system and transparent fees, the platform will create a safe, fair, and efficient working environment for freelancers and employers.
<u>Key Features:</u>
- Smart Contracts for Freelancer Transactions:
- Smart contracts automate the transaction process between freelancers and clients, ensuring terms are met accurately and promptly.
- These contracts can be programmed to handle complex conditions such as staged payments, refunds in case of non-compliance, and agreements related to the completion of work.
- Decentralized Rating and Reputation System:
- It uses blockchain to record and verify freelancers' work history, allowing users to create transparent and immutable reputation profiles.
- This system incentivizes freelancers to maintain quality work and encourages clients to provide fair feedback, thus building trust in the community.
- Transparent Dispute Resolution:
- The platform will implement a decentralized dispute resolution mechanism through smart contracts, in which stakeholders can participate in decision-making.
- The platform ensures fairness and transparency without relying on the traditional legal system by allowing users to vote for neutral parties to resolve disputes.
- Clear and Transparent Service Fees:
- Unlike traditional platforms that often apply hidden service fees, our platform will provide a simple and transparent fee structure, helping users understand the costs.
- This minimizes financial surprises and helps users feel secure when participating in the platform.
- Personal Data Ownership:
- Through a decentralized storage and encryption system, users will have full control over their data, minimizing the risk of personal information leakage.
- Only authorized users can access their data, enhancing security and privacy.
- Interoperability with existing platforms:
- We will develop APIs to integrate with existing enterprise and government systems easily.
- The platform will bridge traditional systems and blockchain-based transactions, ensuring users can use new technologies without disruption.
<u>Technical Methods and Tools </u>
- Smart Contract Development
- Smart contracts on this platform will be developed using Aiken, a modern smart contract platform for Cardano that allows for the secure and efficient development of contracts running on the Cardano blockchain.
- Aiken is the ideal choice for developing smart contracts on our freelance platform due to its high security and powerful features. It minimizes the risk of security vulnerabilities, which is important in the freelance environment where trust and privacy protection are paramount.
- Interoperability with Existing Systems
- Our Cardano blockchain-based freelance platform is designed to integrate easily with existing systems, making it easy for users to migrate and launch on this new platform.
- Our platform allows users to easily import their profiles from existing platforms like GitHub, LinkedIn, etc., through the provided API. Users can upload and verify their personal information, work experience, completed projects, certificates, reviews, and feedback from previous clients. This saves time and builds a strong and trustworthy profile, helping users enhance their reputation and making it easier for employers to evaluate and select freelancers that fit their needs.
- Technology Development
- Web Frontend Technology: The frontend for the platform will be developed using modern frameworks like next (for the web). These frameworks allow for fast and responsive frontends with consistent user experience.
- Web3 Integration: The platform will integrate Cardano wallets like eternl, nami, etc., using libraries like meshjs, lucid-Cardano. This allows users to seamlessly connect their crypto wallets to the platform, allowing direct interaction with the blockchain and smart contracts.
- Security, Fraud Prevention and Auditing
- Our platform ensures immutability and tamper-proofing by recording all transactions and ownership records on the Cardano blockchain. This helps prevent fraudulent activities such as creating fake profiles or account abuse, protecting the interests of both freelancers and employers.
- Every transaction, from signing a contract to paying for a service, is transparently recorded on the blockchain. This creates a comprehensive audit trail, allowing all parties involved, including freelancers, clients and third parties, to track the transaction history. This transparency not only increases trust but also creates a safer working environment.
- Legal Framework and Regulatory Compliance
- Legal Integration with Smart Contracts: Our platform ensures compliance with applicable regulations by embedding legal agreements into smart contracts. Service contracts, payment agreements, and ownership regulations will be legally binding. We will work closely with legal experts to ensure that all intelligent contracts comply with legal requirements, thus protecting user rights and minimizing legal risks.